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CSX $31.85

CSX target price
31.85
64
39
CSX Corporation
Type
Public
Traded as
  • NASDAQ: CSX
  • NASDAQ-100 component
  • DJTA component
  • S&P 500 component
Industry Transport, real estate, technology
Founded 1978
Headquarters CSX Transportation Building
500 Water Street
Jacksonville, Florida
, U.S.
Area served
North America
Key people
Edward J. Kelly III
(Chairman)
Hunter Harrison
(President and CEO)
Services Railroad Transport
Revenue DecreaseUS$11.8 billion (2015)
Operating income
DecreaseUS$3.5 billion (2015)
Net income
IncreaseUS$1.9 billion (2015)
Total assets IncreaseUS$35 billion (2015)
Total equity IncreaseUS$11.6 billion (2015)
Number of employees
29,000 (December 2015)
Subsidiaries CSX Transportation, Fruit Growers Express, Conrail, Seaboard Coast Line, etc.
Website CSX.com

The CSX Corporation is an American holding company focused on real estate and railways in North America, among other industries. The company was established in 1978 as part of the Chessie System and Seaboard Coast Line Industries merger. The Chessie System and Seaboard Coast Line Industries which includes all railroads of both companies became subsidiaries of the CSX Corporation and both companies were merged into the CSX Corporation in 1980, the third year that the CSX Corporation was in operation.

The various railroads of the former Chessie System and Seaboard Coast Line Industries that are now owned by CSX Corporation were eventually merged into a single line in 1986 and it became known as the CSX Transportation. CSX Corporation currently has a number of subsidiaries beyond CSX Transportation, including Fruit Growers Express, CSX Technology, CSX de Mexico, and CSX Real Property among others. Based in Richmond, Virginia, USA after the merger, in 2003 the CSX Corporation headquarters moved to Jacksonville, Florida.

The founding chairman of CSX Corporation was Prime F. Osborn III of Seaboard, and the first CEO and second chairman was Hays T. Watkins Jr. of Chessie. Watkins was succeeded by John W. Snow as CEO in 1989 and as chairman in 1991. When Snow left the company in 2003 to become United States Secretary of the Treasury, Michael J. Ward, who then headed CSX Transportation, was promoted to succeed him. Overall in 2003, Ward took on the positions of chairman, president, and CEO. When president Oscar Munoz left CSX in September 2015 after obtaining the role earlier that year from Ward, the company underwent several management changes, with Clarence Gooden appointed president. The company went through further changes in 2017 when activist investor Mantle Ridge, a hedge fund that held 4.9% of CSX's stock, demanded a change in the board, that Michael Ward step down as CEO, and that the company cut middle management, and that the company hire Hunter Harrison as CEO; the proposed package for Harrison was $300 million, which caused controversy.

The following is a list of CSX management as of July 2017:

CSX Corporation's total equity was estimated at USD $9.136 billion in 2012, and that rose the following year to $10.504 billion. The value of the company's assets rose from $30.723 billion in 2012 to $31.782 billion in 2013. Total revenue equaled USD $12.026 billion in 2013, an increase from $11.763 billion the year before. Operating income was $3.464 billion in 2012 and $3.473 billion in 2013, while net income equaled $1.863 billion in 2012 and $1.864 billion in 2013. In 2014, annual net income again equaled around $1.86 billion.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2023 2023-04-19 Future report Set alerts
Q4 2022 2023-01-25 0.47 0.47
Q3 2022 2022-10-20 0.51 0.51
Q2 2022 2022-07-20 0.50 0.50
Q1 2022 2022-04-20 0.39 0.39
Q4 2021 2022-01-20 0.42 0.42
Q3 2021 2021-10-20 0.43 0.43
Q2 2021 2021-07-21 0.39 0.39
Q1 2021 2021-04-20 0.31 0.31
Q4 2020 2021-01-21 0.35 0.35

Ratings

2016-07-07 Reiterated Rating BMO Capital Markets Outperform $29.00
2016-06-18 Reiterated Rating Citigroup Inc. Buy $29.00
2016-06-15 Initiated Coverage Oppenheimer Market Perform
2016-06-15 Initiated Coverage Oppenheimer Holdings Inc. Market Perform
2016-06-10 Reiterated Rating BMO Capital Markets Buy
2016-05-19 Reiterated Rating Credit Agricole Underperform
2016-05-19 Reiterated Rating Stifel Nicolaus Buy $28.00
2016-05-19 Reiterated Rating Credit Agricole SA Underperform
2016-05-18 Reiterated Rating Bank of America Buy
2016-05-18 Reiterated Rating Bank of America Corp. Buy
2016-04-14 Reiterated Rating Credit Suisse Buy $28.00
2016-04-14 Reiterated Rating Argus Buy $28.00 to $30.00
2016-04-14 Boost Price Target Cowen and Company Market Perform $25.00 to $28.00
2016-04-14 Reiterated Rating Credit Suisse Group AG Buy $28.00
2016-04-13 Reiterated Rating Deutsche Bank Hold $27.00
2016-04-13 Reiterated Rating Deutsche Bank AG Hold $27.00
2016-04-12 Lower Price Target Barclays $28.00 to $26.00
2016-04-12 Reiterated Rating Morgan Stanley Sell
2016-04-12 Lower Price Target Barclays PLC $28.00 to $26.00
2016-04-06 Boost Price Target Susquehanna $28.00 to $30.00
2016-04-04 Boost Price Target Robert W. Baird $27.00 to $28.00
2016-03-15 Initiated Coverage Scotiabank Sector Perform
2016-02-23 Downgrade Morgan Stanley Overweight to Underweight
2016-02-22 Upgrade Bank of America Neutral to Buy
2016-02-19 Boost Price Target Credit Suisse $25.00 to $27.00
2016-02-12 Downgrade Avondale Partners Market Perform to Underperform $19.00 to $18.00
2016-02-12 Downgrade Avondale Partne Market Perform to Market Underperform
2016-01-19 Lower Price Target Argus Buy $37.00 to $28.00
2016-01-18 Upgrade BB&T Corp. Buy
2016-01-18 Reiterated Rating Deutsche Bank Hold
2016-01-16 Upgrade BB&T Corp. Buy
2016-01-16 Reiterated Rating Deutsche Bank Hold
2016-01-15 Reiterated Rating Sanford C. Bernstein Market Perform $26.00
2016-01-15 Reiterated Rating Stifel Nicolaus Buy $33.00
2016-01-15 Reiterated Rating Buckingham Research Buy $31.00
2016-01-15 Reiterated Rating Macquarie Neutral $24.00
2016-01-14 Lower Price Target Susquehanna Positive $30.00 to $28.00
2016-01-14 Lower Price Target BMO Capital Markets Outperform $30.00 to $29.00
2016-01-14 Lower Price Target Buckingham Research Buy $34.00 to $1.00
2016-01-14 Upgrade BB&T Corp. Hold to Buy $27.00
2016-01-14 Reiterated Rating RBC Capital Buy
2016-01-14 Lower Price Target Credit Suisse Outperform $28.00 to $25.00
2016-01-14 Reiterated Rating Cowen and Company Hold
2016-01-14 Lower Price Target Deutsche Bank Hold $29.00 to $27.00
2016-01-14 Lower Price Target Robert W. Baird Outperform $29.00 to $27.00
2016-01-14 Lower Price Target Nomura Buy $32.00 to $29.00
2016-01-14 Reiterated Rating Royal Bank Of Canada Buy
2016-01-14 Lower Price Target Nomura Holdings Inc. Buy $32.00 to $29.00
2016-01-11 Lower Price Target Deutsche Bank Hold $31.00 to $29.00
2016-01-08 Reiterated Rating Buckingham Research Buy $34.00
2016-01-05 Boost Price Target Deutsche Bank Hold $30.00 to $31.00
2016-01-04 Lower Price Target BMO Capital Markets Outperform $34.00 to $30.00
2015-12-22 Reiterated Rating Barclays Equal Weight $28.00
2015-12-18 Lower Price Target Robert W. Baird $31.00 to $30.00
2015-12-04 Downgrade Bank of America Buy to Neutral $33.00 to $29.00
2015-11-18 Reiterated Rating Citigroup Inc. Buy
2015-10-19 Reiterated Rating JPMorgan Chase & Co. Buy $39.00
2015-10-18 Reiterated Rating Deutsche Bank Hold $30.00
2015-10-18 Reiterated Rating Argus Buy $42.00 to $37.00
2015-10-16 Reiterated Rating Credit Suisse Buy
2015-10-15 Lower Price Target Credit Suisse Outperform $33.00 to $31.00
2015-10-12 Reiterated Rating Deutsche Bank Hold $34.00 to $32.00
2015-10-09 Lower Price Target Susquehanna Positive $39.00 to $35.00
2015-10-09 Upgrade Buckingham Research Neutral to Buy
2015-10-05 Reiterated Rating Barclays Hold $34.00 to $28.00
2015-10-05 Lower Price Target Cowen and Company Market Perform $35.00 to $33.00
2015-10-02 Reiterated Rating Citigroup Inc. Buy $37.00 to $32.00
2015-09-20 Reiterated Rating Morgan Stanley Outperform
2015-09-02 Reiterated Rating RBC Capital Outperform $34.00 to $37.00
2015-08-27 Upgrade Stifel Nicolaus Hold to Buy $35.00
2015-08-13 Lower Price Target Robert W. Baird $36.00 to $35.00
2015-07-16 Reiterated Rating BMO Capital Markets Buy
2015-07-16 Reiterated Rating Barclays Equal Weight $34.00
2015-07-15 Upgrade RBC Capital Sector Perform to Outperform $34.00 to $37.00
2015-07-10 Initiated Coverage Topeka Capital Markets Hold $35.00
2015-07-02 Reiterated Rating Credit Suisse Outperform $37.00 to $36.00
2015-07-02 Reiterated Rating Citigroup Inc. Buy $38.00 to $37.00
2015-06-10 Lower Price Target Susquehanna Positive $40.00 to $39.00
2015-06-08 Lower Price Target Barclays Equal Weight $35.00 to $34.00
2015-05-17 Reiterated Rating Citigroup Inc. Buy
2015-04-16 Reiterated Rating Citigroup Inc. Buy $39.00 to $38.00
2015-04-16 Lower Price Target BMO Capital Markets Outperform $40.00 to $39.00
2015-04-16 Reiterated Rating Deutsche Bank Hold $37.00 to $36.00
2015-04-16 Lower Price Target Robert W. Baird Outperform $38.00 to $37.00
2015-04-16 Lower Price Target RBC Capital Sector Perform $35.00 to $34.00
2015-04-15 Boost Price Target Bank of America Buy $37.00 to $38.00
2015-04-13 Lower Price Target Susquehanna Positive $42.00 to $40.00
2015-03-26 Downgrade Cleveland Research Buy to Neutral
2015-03-06 Lower Price Target Citigroup Inc. Buy $41.00 to $39.00
2015-02-27 Upgrade BMO Capital Markets Market Perform to Outperform $38.00 to $40.00
2015-02-23 Initiated Coverage JPMorgan Chase & Co. Overweight $41.00
2015-01-16 Upgrade Susquehanna Neutral to Positive $35.00 to $42.00
2015-01-15 Set Price Target Credit Suisse Buy $39.00 to $38.00
2015-01-15 Boost Price Target Deutsche Bank Hold $33.00 to $38.00
2015-01-15 Boost Price Target Cowen and Company Hold $32.00 to $37.00
2015-01-15 Boost Price Target FBR & Co. Buy $35.00 to $38.00
2015-01-15 Boost Price Target FBR & Co Buy $35.00 to $38.00
2015-01-12 Lower Price Target Barclays Equal Weight $37.00 to $36.00
2014-12-16 Reiterated Rating Bank of America Buy $39.00 to $37.00
2014-12-10 Initiated Coverage Nomura Buy $42.00
2014-12-04 Upgrade Citigroup Inc. Neutral to Buy $34.00 to $41.00
2014-12-01 Downgrade TD Securities Buy to Hold
2014-10-16 Upgrade Credit Suisse Neutral to Outperform $33.00 to $38.00
2014-10-14 Reiterated Rating Deutsche Bank Hold $31.00 to $33.00
2014-10-07 Reiterated Rating Citigroup Inc. Neutral $32.00 to $34.00
2014-09-17 Boost Price Target BMO Capital Markets $33.00 to $34.00
2014-07-17 Boost Price Target Argus Buy $33.00 to $38.00
2014-07-17 Reiterated Rating Macquarie Outperform $33.00 to $32.00
2014-07-17 Reiterated Rating Credit Suisse Neutral $30.00 to $31.00
2014-07-16 Reiterated Rating Citigroup Inc. Neutral $31.00 to $32.00
2014-07-16 Reiterated Rating Bank of America Buy $37.00 to $36.00
2014-07-15 Reiterated Rating Deutsche Bank Hold $27.00 to $31.00
2014-07-08 Boost Price Target Robert W. Baird $32.00 to $34.00
2014-06-30 Boost Price Target Barclays Equal Weight $30.00 to $31.00
2014-06-27 Reiterated Rating Citigroup Inc. Neutral $28.00 to $31.00
2014-06-24 Boost Price Target FBR & Co. Outperform $33.00 to $35.00
2014-06-13 Boost Price Target BMO Capital Markets $30.00 to $32.00
2014-04-22 Reiterated Rating Argus Buy $35.00
2014-04-17 Reiterated Rating S&P Equity Research Buy
2014-04-17 Boost Price Target RBC Capital Sector Perform $27.00 to $29.00
2014-04-16 Reiterated Rating Bank of America Buy $32.00 to $33.00
2014-04-10 Initiated Coverage Macquarie Outperform to Outperform $32.00
2014-04-08 Boost Price Target Sanford C. Bernstein $26.00 to $28.00
2014-04-07 Downgrade Buckingham Research Buy to Neutral $29.00
2014-04-03 Downgrade Barclays Overweight to Equal Weight $32.00 to $30.00
2014-03-25 Reiterated Rating Bank of America Buy $32.00
2014-03-17 Boost Price Target Credit Suisse $27.00 to $28.00
2014-01-27 Downgrade Atlantic Securities Overweight to Neutral $30.00 to $29.00
2014-01-17 Reiterated FBR Capital Outperform $35 to $33
2014-01-17 Lower Price Target Deutsche Bank $28.00 to $27.00
2014-01-17 Lower Price Target Credit Suisse Neutral $28.00 to $27.00
2014-01-17 Lower Price Target FBR & Co. Outperform $35.00 to $33.00
2014-01-17 Lower Price Target Morgan Stanley $30.00 to $29.00
2014-01-16 Upgrade Argus Hold to Buy $35.00
2014-01-16 Downgrade Stifel Buy to Hold
2014-01-16 Downgrade Stifel Nicolaus Buy to Hold $30.00
2014-01-13 Boost Price Target FBR & Co. Outperform $30.00 to $35.00
2013-12-16 Reiterated Rating Deutsche Bank Hold $25.00 to $28.00
2013-12-13 Reiterated Rating Bank of America Buy $29.00 to $32.00
2013-10-17 Downgrade BMO Capital Markets Outperform to Market Perform $29 to $28
2013-10-17 Boost Price Target JPMorgan Chase & Co. Neutral $25.00 to $28.00
2013-10-17 Downgrade RBC Capital Outperform to Sector Perform $31.00 to $28.00
2013-10-16 Reiterated Rating RBC Capital Outperform $31.00 to $27.00
2013-10-16 Downgrade BMO Capital Markets Outperform to Market Perform $29.00 to $28.00
2013-10-04 Downgrade Citigroup Inc. Buy to Neutral $25.30 to $27.00
2013-10-02 Boost Price Target Sanford C. Bernstein Market Perform $22.00 to $24.00
2013-07-17 Downgrade BB&T Capital Mkts Buy to Hold
2013-04-12 Upgrade FBR Capital Mkt Perform to Outperform
2012-11-20 Downgrade Avondale Mkt Outperform to Mkt Perform
2012-10-18 Reiterated FBR Capital Mkt Perform $24 to $22
2012-10-18 Downgrade Deutsche Bank Buy to Hold $25 to $20
2016-07-07 Reiterated Rating BMO Capital Markets Outperform $29.00
2016-06-18 Reiterated Rating Citigroup Inc. Buy $29.00
2016-06-15 Initiated Coverage Oppenheimer Market Perform
2016-06-15 Initiated Coverage Oppenheimer Holdings Inc. Market Perform
2016-06-10 Reiterated Rating BMO Capital Markets Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Mantle Ridge LP 4.28%  (42765101) CSX /
MUNOZ OSCAR Executive Vice President & COO 0.05%  (474801) CSX / UAL /
WARD MICHAEL J Chairman, President and CEO 0.03%  (300032) ASH / CSX / PNC /
Harrison E Hunter Chief Executive Officer 0.03%  (300000) CP / CSX / FELP /
SHEPARD DONALD J 0.03%  (268626) CSX / PNC / TRV /
RATCLIFFE DAVID M 0.02%  (247186) CSX / STI /
KELLY EDWARD J III 0.02%  (227004) CSX / MET / XL /
Breaux John B 0.02%  (201848) CSX / LHCG /
Eliasson Fredrik J EVP & Chief Financial Officer 0.02%  (171740) CSX /
ZILLMER JOHN J 0.02%  (161231) CSX / ECL / RAI / VRTV /
Sanborn Cynthia M EVP of Operations 0.02%  (156561) CSX /
Halverson Steven T 0.01%  (125264) CSX /
Mancini Lisa A. SVP - Chief Administrative Off 0.01%  (117621) CSX /
Lonegro Frank A EVP & CFO 0.01%  (110781) CSX /
ALVARADO DONNA M 0.01%  (95714) CSX / CXW / PRK /
O'TOOLE TIMOTHY 0.01%  (93302) CSX / EIX /
Goldman Nathan D EVP & CLO 0.01%  (90701) CSX /
GOODEN CLARENCE W EVP & CCO 0.01%  (72883) CSX /
FITZSIMMONS ELLEN M EVP, General Counsel, Corp Sec 0.01%  (56348) AEE / CSX / STI /